High Net Worth Investors Pouring Money Into Gold
Published Sep 28, 2012 on Kingworldnews
Egon von Greyerz spoke with King World News about high net worth investors who are continuing to invest in gold and move their existing gold outside of the banking system. Greyerz, also said the correction in the metals is over.
“Gold is at a weekly highly for 2012. In my view we have probably seen the correction. The action in gold and silver is very bullish. They go up to higher levels, they consolidate at the higher levels, with a very small pullback, and then they move higher. I see the next big move as being up.
We are continuing to see major investors moving physical gold out of the banking system, and into private vaults. So the fear is increasing. But still, by far, the largest amount of gold is stored at the banks. But people must realize they aren’t safe in the banks.”
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Rick Rule - The Availability Of Physical Gold Will Disappear
Published Oct 1, 2012 on Kingworldnews
Rick Rule told King World News : “At some point we will see the availability of physical gold disappear when we begin to see widespread public ownership like we witnessed in the 1970s.” Rule also noted that “... gold will do well because the value of currencies will continue to erode.”
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Signs Of The Gold Standard Emerging In China?
Published Oct 1, 2012 on Forbes
The gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” — with an unmistakable nod to gold — is the most prominent element of the 2012 GOP platform still being heard to “reverberate around the world.”
Meanwhile, it continues to gain impressive momentum in the United States.
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Eric Sprott: Do Western Central Banks Have Any Gold Left?
Published Oct 2, 2012 on Zerohedge
Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the pound, the yen and the euro.
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Steve Forbes on the Gold Standard; Fed
Published Nov 27, 2012 on Thestreet
In this interview with Debra Borchardt, Steve Forbes discusses the gold standard and the Federal Reserve.
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